E-Waybill issue will not Permissible without e-Invoice info

E-Waybill issue will not be permissible without e-Invoice details

• E-Waybill issue will not be permissible without e-Invoice details entered in it with effect from 1st March 2024. and moreover that New Harmonized System of Nomenclature Code conditions for E-Way Bills effective from 1st Feb, 2024: Six Digits for Aggregate Annual Turnover (AATO) under GST > INR 5 Cr, Four Digits for Aggregate Annual Turnover (AATO) under GST < INR 5 Cr.
• Firm/ Company / Businesses with annual revenues more over INR 5 crore would not be able to issue e-way bills for business-to-business transactions without integrating e-invoice details as of 1st March 2024. Starting on 1st March 2024, Firm/ Company / Businesses with annual revenue greater than INR 5 Cr. will be unable to issue an e-way bill without enclosing e-invoice details for every B2B transaction.
• Check and Balances: For taxpayers who qualify for e-invoicing, checks will be implemented through the e-Waybill generating process. Direct e-Waybill production for B2B and B2E (Exports) transactions will not be permitted for qualified Suppliers without a corresponding e-Invoice. The Supply/Exports/SKD/CKD/Lots categories of e-Waybills are subject to this restriction. But B2C and non-Supply transaction e-Waybill generating will go on as usual.
• For E-Way Bills issued by transporters, similar verifications will be applied to the Supplier GSTIN. There won’t be any changes made to Part-B updating or transporter ID updating. By March 1, 2024, all taxpayers and transporters are urged to change their systems to these changes.
• Above said regulation will be applicable to e-Invoice allowed to GST taxpayers. Notably, E-Waybill issuance/ System for B2C & non-supply transactions will remain unaffected.

Q.: What may be done if I generated the incorrect Invoice, the transaction didn’t happen & the time of 24 hours has exceeded so I cannot cancel it?

• In such cases, you’ll always create a Credit Note for that Invoice to nullify it if there has been no actual transaction against the Invoice.
• The person shall declare their details of the Credit Note in GSTR-1 & GSTR-3B filing.

Q.: Can I upload an invoice to the IRP for a future date?

• No, you can’t upload the Invoice for a future date. However, you’ll be able to upload your invoices in real-time within the IRP, in other words, Invoices are often uploaded to the IRP for an awfully near future date, like 24-48 hours.

Q. : I am an e-commerce operator, but my turnover is a smaller amount than Rs. 100 Crores. Do I still need an e-Invoice?

• No, you wish not generate e-Invoices if your Turnover is a smaller amount than Rs. 100 Crores.

Q.: Do I’ve gotto come up with an e-Way Bill after generating an e-Invoice?

• Yes, although it’s said that the e-Invoice data shall be transferred to the e-Way Bill Portal & create Part-A of the e-Way Bill, you continue to should furnish the opposite half, that’s Part-B of the e-Way Bill. Also, Part A shall be updated provided that it passes all validations required by e-Way Bill Portal. just in case such validation fails, the user will manually should create the e-Way bill.
• You have to enter the Vehicle & Transporter details within the e-Way Bill.

New communication process called the Invoice Management System (IMS)

To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System is being brought up at portal. This will also facilitate taxpayer in matching of their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit and shall allow the recipient taxpayers to either accept or reject an invoice or to keep it pending in the system, which can be availed later

This facility shall be available to the taxpayer from 1st October onwards on the GST portal